Asian equities mostly advanced Tuesday following a rally in big tech that spurred a rebound on Wall Street, though an overnight selloff in Treasuries kept risk sentiment in check. Japanese stocks were the biggest gainers while Hong Kong’s Hang Seng Index was set to snap a seven-day run of losses. Shares on China’s mainland fluctuated as the government’s call for increased credit support on some products offered limited boost. Shares of Asian electric vehicle makers gained after Tesla Inc. was up the most since March on Monday. Semiconductor-related stocks climbed amid optimism over Nvidia Corp.’s earnings due Wednesday. In Australia, BHP Group Ltd. fell after the world’s biggest miner reported a 37% decline in full-year profit, with China’s weak recovery sapping demand for commodities. The 10-year bond yield in Japan rose to the highest since 2014, raising speculations that the Bank of Japan may come into the market with an unscheduled bond-buying operation to slow gains. Rates were also higher in Australia and New Zealand. The yield on 10-year inflation-protected Treasuries on Monday pushed over 2% for the first time since 2009. Not long after, the yield on 10-year notes without that protection had hit a level last seen in late 2007. US stock futures were mostly flat after the S&P 500 Index halted a four-day drop Monday and the Nasdaq 100 Index rose about 1.7%. In late US hours, SoftBank Group Corp. semiconductor unit Arm filed for what is set to be this year’s largest US initial public offering. The dollar weakened against all of its Group-of-10 peers. The yen strengthened, but remained near a level that triggered last year’s first yen-buying intervention since 1998, keeping traders focused on potential comments from currency officials. two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession. While Morgan Stanley’s Michael Wilson — a stalwart equity bear — says sentiment is likely to weaken further if investors are starting to “question the sustainability of the economic resiliency,” his counterpart at Goldman Sachs Group Inc., David Kostin, says there’s room for investors to further increase exposure if the economy stays on course for a soft landing. oil and gold were little changed. Us after Hours FN +16.3%, ZM +4.4% up on earnings; TEVA +0.8% ticking higher after settling charges with DOJ; NDSN -4.8% down following earnings; EBS -5.2%, AAP -1.4% slipping on index change.
Nikkei +0.80% Hang Seng -0.09% CSI -0.52% Shanghai -0.46% Shenzen -1.17%
Eur$ 1.0901 CNH 7.2926 CNY 7.2882 JPY 145.93 GBP 1.2775 CHF 0.8779 RUB 93.7154 TRY 27.1991 WTI$ 80.65 Gold 1,896 BTC 26,027 -0.32% ETH 1,662.8 -0.55%
S&P -0.11% Nasdaq -0.16% EuroStoxx +0.45% FTSE +0.09% Dax +0.40% SMI
Macro :
- Switzerland to Probe Botched Sale of Tanks Destined for Ukraine
- Musk Told Pentagon He Spoke to Putin, New Yorker Says
- Strategists See Dip-Buying Shot Arising From Stock Rally’s Pause
- European Travel Recovery Hype Loses Steam as Peak Earnings Pass
- Citi’s Montagu Says Short Futures Positioning Rose in US, Europe
Keep an eye on :
Keep an eye on :
- ACX SM : *CITI OPENS UPSIDE 30-DAY CATALYST WATCH ON ARCELORMITTAL SA
- ARBN SW : Arbonia 1H Net Loss CHF2.0M Vs. Profit CHF11.7M Y/y
- BAKKA NO : Bakkafrost 2Q Operating Ebit Meets Estimates
- CTM SS : Catena Media 2Q Ebitda EU2.49M Vs. EU7.31M Y/y
- ENT LN : Entain Says About 99.3% of STS Holders Accepted Tender Offer
- EQNR NO : Equinor Is Said to Explore Sale of $1 Billion Azerbaijan Assets
- ISN SW : Intershop 1H Net Income CHF52.8M Vs. CHF36.4M Y/y
- LDO IM : Leonardo CEO Under Investigation Over His Time as Italy Minister
- LDO IM : Leonardo CEO Under Investigation Over His Time as Italy Minister
- S US : SentinelOne Explores Options Including a Sale: Reuters
- VOLVB SS : Volvo Group Chairman Carl-Henric Svanberg Declines Reelection